Richard Baker
speaker
1,143 appearances
2 recordings
2 series
first heard May 2026
last heard 7 Jul
Richard Baker’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 2 in all, peaking in Jul 2026 with 1.
Appearances
None of them are interested in the family business, not involved.
My father was great and he and I had great fun and worked together, you know, until he passed away in 2020.
So you and your dad basically did it.
So basically my dad and I.
Okay, so now in 2006, late 2005, I have this idea that we're gonna buy operating companies that own real estate.
And what I find out is there's a lot of retail chains that own a lot of real estate that's worth more than the entire value of the company.
So the first one was Lord and Taylor.
So first one that we ended up buying, we worked on some other ones.
Lord and Taylor was owned by Macy's.
They wanted $1.2 billion for the company.
They own 49 pieces of real estate and.
They weren't really interested in talking to Richard Baker.
They had huge private equity firms, KKR, and all these guys, and no one wanted to pay up the $1.2 billion.
So I figured out through a friend how to get a meeting with this fellow by the name of Ron Tiso, who was the vice chairman
of what was then called federated.
And I went to meet with him and I said, I'm a real estate guy.
I want to buy Lord and Taylor because I think I can properly monetize it with real estate.
He said, well, you have to pay $1.2 billion.
I said, I'll pay $1.2 billion, but I need 120 days in order to get the deal, you know, in order to close.
Done.
Showing 181–200 of 1,143 · page 10 of 58
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